More Bad News for Riverchase Galleria?

     The largest mall in Alabama just lost its Sears...could another anchor store--- Macy's--- be next in line?

"Unfortunately for Macy’s, its disastrous second quarter earnings release and material cut to its full-year earnings guidance on Wednesday officially kills its entire thesis. It’s dead, done, gone. Actually, Macy’s stock being down 60% this past year suggested well before Wednesday’s awful results that it was struggling — the numbers Wednesday just confirmed Mr. Market’s helpful early insights.

The problem here: Macy’s has proven to be just another retailer caught in the seismic shift in consumer shopping. That’s not a great place to be — just ask Sears, J.C. Penney (JCP) and, Payless ShoeSource."

                                                                                                                             Source is HERE.